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347 Palisade Ave, JC, Heights, NJ 07307

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For Sale

$1,500,000

9 beds • 5 baths

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • Newly Listed
    Time on Century 21

Explore this Property

Welcome to 347 Palisade, the most vibrant street of Jersey City heights! This newly constructed, 2005 built, cash flowing two family investment property, is excellent for buy and hold investors counting on appreciation or owner occupants looking to live in unit and rent another to off-set living expenses. This two Family income producing contemporary house offers three story living, two individual units (duplex on ground and 1st floor, second unit on the top floor), a total of nine bedrooms, five full bathrooms, two kitchen, two open-concept living and dining rooms, one garage parking(currently rented as storage) and a large backyard for year-round entertainment delight. The property is in excellent condition and generating a gross annual income of 101,040 USD with a potential upside. All utilities are paid by tenant(70% unit 1, 30% unit 2). Landlord pays taxes and insurance. Property sits on a 25' x 100' lot in RC2 zoning district on one of the prestigious blocks of the Heights section of Jersey City. Zoning allows for 4 story building.The house is surrounded by new construction condominium projects, which makes it great for developers looking for their next condominium project to add to their portfolio. Riverview Park, the Famous Franklin, the Supremo Food Market, Fox and Crow, all are at your doorsteps. Located at a walking distance of 8 mins to 2nd street Light Rail, 1 min to buses 84, 86, 87, 123, and 15 minutes drive to Midtown or Lower Manhattan (via Lincoln or Holland Tunnel respectively), makes it very convenient for the New York City and New Jersey Commuters! Where location meets the right price, this property is a gem in Jersey City Heights.
MLS# 240006989

Courtesy Of eXp Realty, LLC

(866) 201-6210

Open Houses

April

28

Sunday

In Person

Sunday, April 28, 2024

1:00PM - 3:00PM

Property Features

  • Architecture Style
    Contemporary
  • Cooling System
    Central A/C
  • Exterior Type
    Aluminum Siding, Brick, Vinyl Siding
  • Heating Fuel
    Electric
  • Roof Type
    Unknown
  • Rooms
    Bedroom, Full Bath

Map and Directions

Directions to 347 Palisade Ave, JC, Heights, NJ 07307

Home seller CENTURY 21 Preferred Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Preferred Realty, Inc.

(201) 792-7601
Learn More About Us

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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